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box andrew ross sorkin, msnbc contributor and queen bejoy reid, and co-host of msnbc's "the cycle" steve. will the gop once again play the role of dr. no? this version of the action-packed thriller would not involve threatening the launch of a u.s. spaceship wan atomic powered radio beam. instead, the victim would be the united states economy and the potentially disastrous impact of failing to raise the debt ceiling brsh according to speaker boehner, the ends justify the means. in a statement yesterday, boehner asserted the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved. it was a response to this stern warning from the president on monday. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well being of the american people is not leveraged to be used. >> if the tenor of the president's last press conference of his first term is any indication about what he expects in his second term, prepare for a bond-style showdown as the government barrels
box andrew ross sorkin, msnbc contributor and queen bejoy reid, and co-host of msnbc's "the cycle" steve. will the gop once again play the role of dr. no? this version of the action-packed thriller would not involve threatening the launch of a u.s. spaceship wan atomic powered radio beam. instead, the victim would be the united states economy and the potentially disastrous impact of failing to raise the debt ceiling brsh according to speaker boehner, the ends justify the means. in a...
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Jan 15, 2013
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>> i agree with steve. health care as a whole is one of the best stocks to be in but i disagree with j&j over pfizer and if you look at the charts you'll see what i mean. j&j has had a nice uptrend and it has had trouble breaking out above the october high so the october high was around 72, 75ish. it hasn't been able to get up there convincing which whereas if we look at pfizer in contrast you'll see that pfizer has been able to convincingly break out about the october highs showing more strength from the buyers and that's why i like it technically. >> i do think that's an important point. also, let's remember. even though pfizer has done better and most phrma has done better. j&j did print a three-year high so a post-crisis high so it's doing very well itself. the reason it has done, underperformed other pharma, has been patent expiration, a victim of some very serious and profitable drugs hitting a patent cliff, as it were. >> but that's not going away, right, steve? >> it is. it's largely behind johnson
>> i agree with steve. health care as a whole is one of the best stocks to be in but i disagree with j&j over pfizer and if you look at the charts you'll see what i mean. j&j has had a nice uptrend and it has had trouble breaking out above the october high so the october high was around 72, 75ish. it hasn't been able to get up there convincing which whereas if we look at pfizer in contrast you'll see that pfizer has been able to convincingly break out about the october highs...
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okay, steve. we saw earlier an amendment offered by south carolina's mick mulvaney to pay for $17 billion in disaster relief was shut down. now there is another effort to scale back the overall packag package. what about this debate and how it's playing out? >> it's a good debate. what we saw with the mulvane amendment was telling. republicans were voting 2 to 1 in favor of the amendment which would have taken the $17 billion and offset it by making $1.6% cut to discretionary spending across the board. that is a perfectly reasonablebe proposal. most republicans voting for it. what is discouraging you got so little real attention from democrats and it was criticized so heavily in such, i think a demagogic manner by some other republicans. you had hal rogers,be chairman of the house appropriations committee suggest that the cuts, 1.6% of discretionary spending, those cuts would be devastating slash and burn cu cuts. that is false. it wouldn't be. we can have a debate, long-term debate how we want to
okay, steve. we saw earlier an amendment offered by south carolina's mick mulvaney to pay for $17 billion in disaster relief was shut down. now there is another effort to scale back the overall packag package. what about this debate and how it's playing out? >> it's a good debate. what we saw with the mulvane amendment was telling. republicans were voting 2 to 1 in favor of the amendment which would have taken the $17 billion and offset it by making $1.6% cut to discretionary spending...
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steve green and our panel, thanks very much. >>> now, up next, california raises taxes on the rich. oh, yeah, here we go again. california hasn't erased the budget deficit. we have our expert on california and taxes and deficits, he'll be up next. see life in the best light. outdoors, or in. transitions® lenses automatically filter just the right amount of light. so you see everything the way it's meant to be seen. maybe even a little better. visit your eyecare professional today to ask about our newest lenses, transitions vantage and transitions xtractive lenses. experience life well lit. ask which transitions adaptive lens is best for you. [ male announcer ] this is not my home. there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and still, i feel at home. could it be the flat screen tv? the not so mini fridge? ♪ the different free dinner almost every weeknight? or maybe, it's all of the above. and all the rest. am i home? nope. but it almost feels that way. homewood suites by hilton. be at home. homewood suites by hilton. i've always had to keep
steve green and our panel, thanks very much. >>> now, up next, california raises taxes on the rich. oh, yeah, here we go again. california hasn't erased the budget deficit. we have our expert on california and taxes and deficits, he'll be up next. see life in the best light. outdoors, or in. transitions® lenses automatically filter just the right amount of light. so you see everything the way it's meant to be seen. maybe even a little better. visit your eyecare professional today to...
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Jan 15, 2013
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representative steve stockman is threatening to impeach the president of the united states if there is any new gun control laws out there. his official website says "come and take it," meaning his guns. senator rand paul made the same threat. >> but one that wants to infringe on the second amendment we will fight tooth and nail. and i promise you, there will be no rock left unturned used to stop him from usurping the constitution. >> these people are freaking out about a law already passed. congress approved the assault weapons in 1994. the world did not come to an end, and the second amendment is still alive and survived through it all. here we are exactly one month since the latest mass shooting, 20 young children dead, six staffers and adults are gone. and congressling members are already saying no to meaningful change. they predict that there just aren't enough votes for anything. today for the first time, the parents of those 6, 7, and 8-year-old kids spoke publicly about what they want congress to do. >> things must change. this is the time. >> doing nothing is no longer an optio
representative steve stockman is threatening to impeach the president of the united states if there is any new gun control laws out there. his official website says "come and take it," meaning his guns. senator rand paul made the same threat. >> but one that wants to infringe on the second amendment we will fight tooth and nail. and i promise you, there will be no rock left unturned used to stop him from usurping the constitution. >> these people are freaking out about a...
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Jan 15, 2013
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republican ranks to the idea of rolling out a number of executive actions, including a representative steve stockman who has said this is potentially impeachable, so this is a highly debatable issue. it's a heated issue here in washington. a lot of people are going to be watching that closely, but it's going to be a big roll-out, andrea, and certainly a big part of president obama's second term agenda. >> jay carney has said it's going to be closer to the noon hour, so we're fwrafl for that. it will at least precede our program. all politics being local as tip o'neil would say. ruth, let's talk about the president's news conference yesterday because he said i am want negotiating. i'm not going to give house republicans anything for raising the debt ceiling. it's on them. if they want to take the heat for veterans benefits and social security benefits not getting to people, what game of chicken are we playing here? >> really high stakes game of chicken is what we're playing here. i had the occasion of going back and reading actually the president's first news conference after he became presi
republican ranks to the idea of rolling out a number of executive actions, including a representative steve stockman who has said this is potentially impeachable, so this is a highly debatable issue. it's a heated issue here in washington. a lot of people are going to be watching that closely, but it's going to be a big roll-out, andrea, and certainly a big part of president obama's second term agenda. >> jay carney has said it's going to be closer to the noon hour, so we're fwrafl for...
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Jan 15, 2013
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that's in the books. >> steve liesman, thank you. facebook's big reveal is about two hours away and the rumors, of course, are flying. could it be a search engine? a phone? we are live at facebook headquarters in menlo park with the latest. then, jean sperling is here with the debt ceiling debate. what that means for the economy as the house prepares to vote on a package for hurricane sandy victims. one republican congressman says we need to consider big budget cuts to pay for that. congressm congressman mick mulvanel will tell us about his big plans. first, we'll talk about facebook. julia boorstin is live with the latest on that. good morning. >> good mormg. i expect 120 reporters and bloggers to be here, to be facebook's big mystery announcement. the social network has done a great job. face book hasn't leaked a thing. i expect mark zuckerberg to unveil a new product, something to improve users''s experience rather than a back-end change. consider the priority that zuckerberg and sandberg are making, i don't think the announcement
that's in the books. >> steve liesman, thank you. facebook's big reveal is about two hours away and the rumors, of course, are flying. could it be a search engine? a phone? we are live at facebook headquarters in menlo park with the latest. then, jean sperling is here with the debt ceiling debate. what that means for the economy as the house prepares to vote on a package for hurricane sandy victims. one republican congressman says we need to consider big budget cuts to pay for that....
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melissa: facebook ceo mark zuckerberg taking a page out of the steve jobs playbook with highly touted mystery event. did the announcement live up to the hype? analyst rob enderle is here next. ♪ . >> the write did -- the wait is over. mark zuckerberg revealed his loaning awaited project. shibani joshi is following the event. describe the new search technology facebook is day you booing. >> i want to show you what is happening to facebook shares. they are at session lows. down 1.6%. buy on the rumor, sell on the news is exactly what investors are doing right now. we didn't get a phone. we didn't get anything else that we thought about. some video ads. what we're get is a new search feature on facebook that does not compete with google. so i want to show you what is happening with google shares. google shares took a dip while, facebook shares took a dip while google shares went upwards on the news. people say this is less a direct competitor with google and more a direct competitor with linkedin or even yelp. linkedin shares are also down on the news. here is basically what the compan
melissa: facebook ceo mark zuckerberg taking a page out of the steve jobs playbook with highly touted mystery event. did the announcement live up to the hype? analyst rob enderle is here next. ♪ . >> the write did -- the wait is over. mark zuckerberg revealed his loaning awaited project. shibani joshi is following the event. describe the new search technology facebook is day you booing. >> i want to show you what is happening to facebook shares. they are at session lows. down...
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his name is steve stockman from texas. he said i will seek to thwart this action by any nines necessary including but not limited to eliminating funding for implementation, defunding the white house, everyone filing articles of impeachment. so in essence he's threatening to impeach the president if he attempts to issue any gun controls law by executive order. joining me now are democratic strategist robert zimmerman and republican strategist anna navar navarro. welcome to you both. >> good morning. >> good morning. >> an narks i'll start with you. congressman stockman says if the president is allowed to suspend constitutional rights on his own personal whims, our free republic has ceased to exist. how does this play with most of the party? >> well, look, i think there is some concern about how much he's trying to do through executive order. i would hope that the first reports would be to try to get legislation to try to work with congress. you know, there are two separate branchs of government, but they are fairly powerful
his name is steve stockman from texas. he said i will seek to thwart this action by any nines necessary including but not limited to eliminating funding for implementation, defunding the white house, everyone filing articles of impeachment. so in essence he's threatening to impeach the president if he attempts to issue any gun controls law by executive order. joining me now are democratic strategist robert zimmerman and republican strategist anna navar navarro. welcome to you both. >>...